Invvlu Mu Incm (NYSE:IIM) Sets New 12-Month High – Time to Buy?

Invvlu Mu Incm (NYSE:IIM) reached a new 52-week high during trading on Tuesday . The stock traded as high as $13.16 and last traded at $13.1350, with a volume of 87203 shares trading hands. The stock had previously closed at $13.03.

Invvlu Mu Incm Stock Performance

The firm has a 50 day moving average price of $12.62 and a 200-day moving average price of $12.47.

Invvlu Mu Incm Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a dividend of $0.0771 per share. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Monday, March 16th.

Institutional Investors Weigh In On Invvlu Mu Incm

Several institutional investors have recently modified their holdings of IIM. Garton & Associates Financial Advisors LLC acquired a new position in Invvlu Mu Incm in the fourth quarter valued at approximately $41,000. Aventura Private Wealth LLC bought a new stake in shares of Invvlu Mu Incm during the 4th quarter valued at $43,000. Atlantic Union Bankshares Corp acquired a new position in shares of Invvlu Mu Incm in the 2nd quarter valued at $50,000. Smartleaf Asset Management LLC acquired a new position in shares of Invvlu Mu Incm in the 3rd quarter valued at $54,000. Finally, Allworth Financial LP boosted its position in shares of Invvlu Mu Incm by 132.6% in the 2nd quarter. Allworth Financial LP now owns 5,323 shares of the investment management company’s stock worth $62,000 after purchasing an additional 3,035 shares during the last quarter. Institutional investors and hedge funds own 20.73% of the company’s stock.

About Invvlu Mu Incm

Invesco Value Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.